ChronoBank, a blockchain project that connects employers and freelancers on a peer-to-peer basis, has announced its partnership with instant exchange service Changelly, while raising $3 million in crowdfunding, as cryptocoinnews.com reported.

ChronoBank`s crowdfund is due to end on February 14 and has so far gathered US $ 3,359,405 from 1,891 participants. The money amounts to 3,365 bitcoins.

Labour Hour

ChronoBank`s operation relies on the Labour Hour (LH) tokens. LH tokens represent the native unit of currency that firms will use to buy labour from professionals, as explained by cryptocoinnews.com. LH tokens will be launched in Australia in the second quarter of 2017 under the name LHAU. In the third quarter of the year, ChronoBank plans to launch the LHUS tokens in the United States, while the fourth quarter expects to see the launch of both LHEU (European Union) and LHUK (United Kingdom), wrote cryptocoinnews.com.

Easy trading

Speaking to cryptocoinnews.com, Sergei Sergenko, founder and CEO of ChronoBank, has said ChronoBank wants to ensure quick and easy exchange of LH tokens with other national digital currencies.

“That is why we are working to ensure they are listed on a wide range of exchanges. Moreover, we are implementing Changelly right now within the core ChronoBank wallet. That will make it incredibly easy for users to exchange LH for bitcoin and other major cryptocurrencies with practically zero delay.”, said Sergienko.

Changelly is an instant exchange app that launched in 2013. It doesn`t require registration and works by totaling the rates from the largest trading platforms. In this way, Changelly offers a single rate, commented cryptocoinnews.com.

“We believe that Changelly and us have a lot of synergy in working together. The guys behind Changelly are forward thinking, progressive and on point. Just who we like to have as partners”, said Sergenko as quoted by cryptocoinnews.com.

ChronoBank has recently announced another strategic partnership, the one with Swiss-based cryptocurrency trading platform and wallet provider Lykke, according to cryptocoinnews.com.